In the News: Bank of America, Foster's, HP, Verizon

U.S. stock markets braced for more losses today.

Audi cuts A6 price as lure for U.S. luxury buyers.

Bank of America is setting to slice thousands of jobs, Wall Street Journal says.

Barnes & Noble gets investment and ends acquisition talk.

Cadillac plans to market plug-in coupe similar to Chevrolet Volt.

Foster's shuns SABMiller acquisition idea.

Fox will return its American Idol judges for 2012 and signs deal with Ultimate Fighting as box office for Glee concert movie disappoints.

HP to "reinvent" company with return to business roots.

Nivea pulls ad and apologizes after racism accusations.

RIM develops music service.

Starbucks CEO Howard Schultz broadens his plea to politicians, knocking vacations during crisis, as his no-donations drive picks up steam.

Target plans to launch revamped web site.

Verizon hears customers begin to complain about strike.

Walgreens kicks off launch of Nice! store brand.